KUALA LUMPUR (Oct 26): The FBM KLCI fell 0.76 point, tracking Asian equities after crude oil and US shares fell overnight.

At 9:19am, the KLCI was traded at 1,676.67 points. Across Asian share markets, Japan's Nikkei 225 fell 0.29% while South Korea's Kospi dropped 0.98%.

In Malaysia, TA Securities Holdings Bhd wrote in a note today that "most blue chips are likely to slip back into base-building mode today given the weak buying momentum following recent tepid gains."

Bursa Malaysia saw 130 gainers and 124 decliners. Some 132 million shares worth RM70 million changed hands. 

US shares fell overnight. The Dow Jones Industrial Average dropped 0.3%, S&P 500 fell 0.38% while Nasdaq Composite was 0.5% lower.

US oil fell 1.1% to US$49.96 a barrel while Brent oil was 1.3% lower at US$50.79. Reuters reported that oil settled down on Tuesday, then US crude slid further below US$50 a barrel in post-settlement trade after an industry group reported that US oil inventories grew nearly three times as much as forecast.